Exxon Just Admitted Oil Is Going to $150.

THEY STARTED A WAR. NOW OIL IS GOING TO $150.

Dear Reader,

Neil Chapman is a senior vice president at Exxon Mobil. He is not a gold bug. He is not a perma-bear. He is the man who runs energy supply for one of the largest oil companies on the planet.

Last week, Chapman said this out loud:

“We’re approaching unheard of inventory levels. Really, really low levels. Once you get to that point, then you’ll see price shoot up. Once you get to that really low inventory level, up to $150, $160.”

That is not a forecast. That is a confession from someone who can count the barrels.

Bloomberg called it a supply disruption. A polite term. A bloodless phrase for what actually happened. Washington launched a war against Iran on February 28. Nobody voted for it. Nobody asked you. The Strait of Hormuz, the 21-mile channel that carries 20% of the world’s oil, has been functionally closed ever since.

Iran nuclear talks are stalled today. Officials say discussions are paused for at least a few days. And every day they stall, the inventory clock ticks closer to zero.

In Today’s Issue

• What $150 oil costs the average American family, the number they are not reporting.

• The 1970s playbook and why this time the Fed cannot bail you out.

• The only asset class that has ever survived a petro-shock like this one.

• Brownstone Research: The next SpaceX IPO window is opening. How to get in before the crowd does.

The Last Time This Happened

The last time America faced a petro-shock this severe was 1973. Nixon had decoupled the dollar from gold two years before. The Fed had been printing. Then the Arab oil embargo hit. Gas lines stretched for miles. Inflation ran into double digits. The stock market lost 45%.

There is one critical difference between 1973 and today. Then, America had allies who could cover the shortfall. Today, the Strait of Hormuz is the only artery for 20% of the world’s oil. There is no backup route. No substitute supply waiting in the wings.

Capital Economics ran the numbers. If the Strait stays closed through June, oil inventories could reach critically low levels by month end. Their words: a non-linear adjustment. That is economist-speak for a price spike nobody can model. $150 is the floor, not the ceiling.

JPMorgan warned commercial oil inventories in developed countries could approach operational stress levels by early June. The IEA has already released 164 million barrels from strategic reserves. That sounds like a lot. It is roughly four days of global supply.

You Are Already Paying For This

April CPI came in at 3.8%. A three-year high. Energy prices up 17.9% year over year. Gasoline up 28.4%. Airline fares up 20.7%. Food up 3.2%. And real wages, your actual take-home purchasing power, fell 0.3% for the first time in three years.

You are getting poorer in real terms. Right now. While Washington extends ceasefires and holds summits and issues statements. They started a war. You are paying for it. Every tank of gas. Every grocery run. Every heating bill this winter.

“We are only a third into FY 2026, and yet we remain in the routine of endless borrowing. We have already borrowed $696 billion in the first four months of FY 2026, with $94 billion borrowed in January alone.”

$696 billion borrowed in four months. That is $174 billion a month. The national debt crossed $39.2 trillion. Interest payments alone hit $1 trillion per year. That money does not go to schools or roads. It goes to the banks that hold Treasury bonds.

The new Fed Chair, Kevin Warsh, takes his first rate decision on June 16. His predecessor held rates steady at 3.50% through the hottest inflation in three years. Four governors dissented. Most dissent since 1992. The Fed is not in control. It is reacting. Badly.

The People Who Win in a Petro-Shock

Here is what they are doing. It is specific. It is not oil futures. It is the same move the smart money has made in every major currency crisis of the last century. I will show you exactly what it is.

Here is what I have watched happen in every inflationary crisis of my lifetime: capital moves out of paper and into real things.

My poor dad believed in savings. Certificates of deposit. Government bonds. He trusted the system. He worked hard, saved carefully, and died without enough. Not because he lacked discipline. Because he held paper promises instead of real assets.

My rich dad held real things. Gold. Real estate. Oil royalties. Businesses that owned physical infrastructure. He told me once: the dollar is a promise from politicians. Gold is a promise from the earth. One of those promises has been kept for 5,000 years.

What the Data Shows Right Now

Gold is at $4,501 an ounce. Up 35.9% in twelve months. Silver is at $76.67. Central banks bought gold at record levels for three consecutive years. They are not buying because they love shiny rocks. They are buying because they know what paper money is worth when a government borrows $174 billion a month.

THIS IS THE PATTERN. Every time a major economy debases its currency to fund a war, hard assets perform. Every time. Rome debased its coins to fund the legions. Weimar printed to pay war reparations. Nixon closed the gold window to fund Vietnam. The pattern does not change. Only the actors do.

You do not need to be rich to act on this. One ounce of silver. A small stake in gold. A bitcoin position. Physical assets with intrinsic value, regardless of what Washington decides to do next.

THEY will keep borrowing. THEY will keep spending. THEY will keep starting wars and calling it policy. The dollar will keep losing purchasing power. That is not a prediction. That is a 5,000-year pattern.

The question is whether you are on the right side of it.

Pigs get fat. Hogs get slaughtered.

To your freedom, Robert Kiyosaki

P.S. If you want the exact framework I have used to protect my wealth through every economic shock of the last 50 years, my team put it in one report. The Patriot Income Plan. It covers the specific hard assets and income strategies I trust when paper money is under siege from governments that cannot stop spending. Click here to access it now.